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of congressmen who were worried about government spending. the committee chairman is congressman jim jordan. what do you want to do? cut for people of? >> no, we want to help them get to a better life. what you need to do is create programs that actually help people get to a better life. john: ever done before. >> you do it by not waving the work requirement like this administration did. you -- john: to be fair, they have not totally waived a work requirement. they let some states experiment. >> they also let some states not have a work requirement and there sang were not going to require that one key element that helps people get to the american dream, experiences. did the job. that is what we want to see. that key ingredient to accomplish anything that we all learn. john: how? that was already in the original welfare reform act? we have a new welfare reform act, updated version. >> for trying to get a handle on all of the social welfare spending the federal government does. estimates are 600 billion the year when you factor in medicaid and the 70 plus different programs that are out there. john
to be for years and years that the government gave money to the banks in the form of guarantees, we would guarantee 90% of the bank loan that the banks made to the students. set ago is side the reserve in case the money didn't get repaid. it turned out the price of the loans went down and the default rate went down once you made the rates down, people could afford to pay it. we started letting the students to pay it at fixed percentage of north carolina. nobody had to drop out of school because they borrowed money. [cheering and applause] what the president did because he knew we needed more people to get college degrees the cost of college was killing people. we dropped from zenned in the world to 16th. the percentage of the people graduated from college until we are almost first in a percentage that go. it's because the cost and people thinking that can never pay it back. it's a big deal. what happened when president obama and the congress adopted the so-called direct student loan program and allowed students to pay that money back at the fixed percent of their income for twenty years.
in my belief that the government should treat everyone equally. i would not want someone denying my rights based upon their religious views, therefore i should not deny others based upon mine. it's about fairness. this law does not force any church to perform a same sex marriage if it's against their beliefs. and that's what this is about. protecting religious freedom and protecting all marylanders. join me in voting for question 6. >>> beautiful fall day outside, not too hot or cold. lots of sunshine, really leaves are crunchy now. >> perfect conditions for fall. with the marathon tomorrow and ravens sunday, hopefully the weather holds up for us. wyatt everhart is on the go at the zoo, wyatt everhart is it going to stay like this for long? >> reporter: it's going to be fall like. temperatures troping tonight. a frost advisory across much of maryland. chilly to say the least. a lot of the runners will be running in cold air. part through the maryland zoo. speaking of here, i want to bring you amy, you are one of the animal collection specialists here at the zoo. interesting title. i
. the two firms denied being influenced by the chinese government. john sudworth is in shanghai. what is the reaction there to this congressional hearing? >> there's been a statement out by the chinese foreign ministry suggesting that the chinese telecommunications companies operate within the law, but they have gained their success through their own commercial competitiveness and that they should not be singled out by u.s. congressional committees for criticism in this way. so it appears the chinese government is already lining up in defense. this is a damning report from an official body singling out two companies by name and suggesting that they simply have not done enough over the course of this investigation to demonstrate that they are free from influence from beijing. >> my understanding is the foreign ministry has done slightly more than just condemn this. have they not said this is the result of some kind of prejudice in america of chinese companies? >> in a sense, that is in the context in which there is a kind of growing focus on the issues of their trade and open access. i
by government through fiscal policy was the real blow-up risk. so if you think of a couple places in the world that we were the most afraid of like europe, i think the actions of the ecb to at least defer the problems with the sovereigns and the bank issues in europe, if they use this time to fix the problems, we'll look back and think it's a good thing. if they deferred them, made them worse in the long term, we won't feel that way. i think something similar has happened in the united states whereby a lot of liquidity has been provided by the central bank. >> andrew, you have operations throughout all of the world. what's your sense of growth? there are troubling reports about growth slowing down which so far have been a very powerful lifeline for global growth as united states and europe weakened, particularly china where you do a lot of business. >> i don't think we're going have an '08/'09 scenario out there for the reasons lloyd was addressed. i do think the world since '08/'09 to now has not gotten to normal. of course, the obvious, which is consumption in the u.s., is not where it was.
. the pictures highlight uncertainty caused by company executives and government officials. tepco released six hours of video. it was recorded over five days starting march 11th. the footage shows people at the plant, an offsite center, at the firm's head office in tokyo and other branch offices. one section shows the plant chief was unable to communicate with government officials. >> another part shows the confusion over how to open the valve and lower the pressure inside a reactor. >> tepco officials say they plan to release more video recorded in the month after the accident. >>> japan's industry minister says the government will not allow a power company to start building a nuclear plant in western japan. the decision comes three weeks after the government allowed work to resume on two plants already under construction. yukio edano referred to plans by chugoku electric power company to build a facility in yamaguchi prefecture. he said the government's new energy policy rules out the construction of nuclear plants. government leaders adopted the policy last month. they said they would try t
there was a conservative government. and here is the other thing, what about borrowing? borrowing. the thing they said was their number one priority. this year borrowing is rising not falling. let me just say that again. borrowing the thing they said was the most important priority, the reason they were elected. it is rising not falling. not because there hasn't been pain and tax rises and cuts affecting every family in this country. not because they didn't want to cut it borrowing. they did. not because your services aren't getting worse. they are. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borr
, recognized by both political parties as turning point. a change debate about the role of government, free market to the future trajectory of our nation. in that debate, campaign commercials and political rhetoric abound. sound bytes, daily reactions dominate the news cycle. luckily for us in the miss -- mist of this a serious thinker wrote a serious book. having been discovered by william f. buckley and grown up writing and reading for national review and overcome the education at harvard university and the upbringing in west virginia, he it a touring figure of the conservative movement. rightly sew. a professor of government the the clare month college. he's the coed or it with william f. buckley of keeping the tablet of modern american conservative thought. he is written extensively on american constitutionalism and political ideas. indeed the addition nat federalist paper the one published -- is the best selling edition in the united states. he can contributes regularly to the opinion pages of the "the wall street journal," "los angeles times," writes about flicks, and -- politicking a
government announced they were what began lowering their corporate tax rate because they have to come pete in the eu -- compete in the eu region. we have been stymied. this is part of it. today, we have a situation where 40-some provisions of the tax code expire at the end of this year. 60-some expired a year ago. he really did not even have a tax code in the country today. he talked about the uncertainty he mentioned. this is for medium-sized business. what are the roles? it is like we're playing with the replacement referees and the irs. tell us what the rules are. >> i hear them saying we should emulate the swedish model. -- i never thought i would hear you saying we should emulate the swedish model. >> or the french or the others. >> the insidious europeans. >> the point everyone is trying to make is that we created most of these problems for ourselves. we should not be discouraged by the opportunity to resolve these issues. we should not be sitting around crying in our soup. we have to get up and pick ourselves up. if we fix the tax code in this country and if we establish a clear pat
but government, federal, state and local cut jobs. government cut a million jobs between 2010 and the middle of 2012. those tend to be middle class type of jobs with benefits. in the past couple of months we've seen that finally come to a halt, and government employment, you know, which people usually don't get too excited about, but that's been a huge detractor from the labor market. the last few months we've actually started to add jobs in government. >> you're right. >> teachers, civil servants, et cetera. i see that as a net positive. >> unless there's a fiscal cliff and you won't be adding government jobs, that's for darn sure. >> let's talk a little bit about the middle, and for the people in the middle, you could argue that the middle class has demand an awful lot over the past 20 or 30 years that sort of led us to this debt problem, led us to this deficit problem. they want homeownership for everybody. we want tax cuts. we want medicare part "d." we want an expansion of safety net programs and then this is what happens. there's no one in the middle to figure out how to pay for all th
a small business. we have strayed far from the principles of limited government. our government taxes and spends out of control and our civil liberties are constantly under attack. we can fix it, but we need to get government back into its cage. >> our final opening statement is from jeff flake. >> good to be here. two days ago, cheryl and i received a wonderful phone call from my son ryan and forming as we are grandparents. aidan was born into a wonderful family, but he was born into $50,000 of debt. his share of the federal debt we all hold. that is why the stakes in this election are so high. we have to have somebody who understands fiscal discipline. that has been my record in the house of representatives, where i fought my own leadership on issues like earmarks. they punish me for it, but i kept at it and we do not have earmarks any more. that is the kind of attitude i will take to the united states senate. my opponent have a great rÉsume. but a great resume is not a plan. he has been running for a year now and we do not know where he stands on the major issues of the day. we ha
does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society. he wants to do that by the end 6 his first term. right now government spending is at 25% of gdp. let's shed some more light on what romney's america would look like. kevin hassette is an economic adviser for mitt romney. stevon moore is an editorial writer for "the wall street journal." my good friend christine romans is the host of "your botto line" right here on cnn. folks, no party or ideological spin today, no using the name obama or the term democrat. pain the me a picture of what the world looks like under romney four years from now using specifics. you can't say things like it will be better, we'll be safer, everyone will be richer. tell me exactly what happens, the good and the bad. kevin you're responsible for writing some of the policy. i don't go first. >> yes, thanks, ali. i have to say i agree with your setup exactly. i commend your show for really being one of the only places that's talking about the storm in europe. the fact is the w
for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is to come and put the money in the communities. i went down there today and he did not say, thank you for coming. please take this money and bring it back to washington. he said, go back to washington and tell them they need a reality check. we are tired of the overspending and the taxing and taking more money out of the economy. there are real challenges here. i used to live here. i worked and i lived over there. i understand. many businesses are hurting right now. regulatory tax uncertainty is the biggest challenge they have. >> tomorrow will be the one- year anniversary of senator brown's first vote against 22,000 jobs here in massachusetts. i hope everybody who knows someone who is unemployed, every business who would like to see those paychecks to spend in their shops, will remember that. that is how we jump-start the economy. we get work that needs to be done, and we put people back to work. the bill would have cost millionaires
lose 35 jobs when it shuts down. you lose jobs let schools and at local government. that is the real cost of what his policies are bringing out by supporting bureaucrats in washington. one neighbor at a time, you've got two avenues to take. one is a government solution of believes government can bring you a job. and me, who believes we can revitalize and reenergize and renew the enthusiasm for montana if we can get government out of the way in our regulatory policy and in our industries. it is not just the businesses that will turn things around. it is those who will -- to work for those businesses who will help to create better opportunities for ourselves, our children, our businesses. i look people in the eye as i travel a run montana and i do not see statistics. we do not necessarily want to talk about the unemployment rate statewide. there are 56 counties with 56 cultures and histories and their own desire for their own future. and in liberty county and might be agriculture. in lincoln county might be timber. in eastern montana it might be oil and gas and coal. i want to get gove
're in a world of trouble for the american family. this is crisis or catastrophe. you know, government oftentimes doesn't work to resolve problems until they become crisis. waiting for a company in private sector to hit chapter 11 before refining the sales process. this has implication for every american family. we are talking about 90% of families in america paying higher taxes. talking about reduction in income of $3,500 per american family. talking about income loss of more than 6% after taxes. the largest single income loss since 194s. huge implications for all american families. politicians have to for once step up to the plate and act in a bipartisan manner to try to fix this. the scary thing, neil, president obama over the last four years has shown absolutely zero ability to compromise on any financial or fiscal issue affecting the american people. >> neil: i don't know about you but i'm not about to give a medal to republicans for having handled this. they, too, have been thinking a deal will miraculous work in their favor. under the assumption that if romney is elected president, they ta
to be the federal government is the message to california. they need to pull back from their own regulations. i do think that we have this opportunity that it all fits under a growth leg. i think we would say -- and governor kasich is looking at this and governor davis is working on it, so you take the energy issue and say now i can fix some of the infrastructure needs that have been piling up. if we start doing that, we will be short on labor in this country. we will need to retrain the people who are not trained or skilled. the potential is enormous if there's any vision and any leadership. >> we will take questions in a moment. first i want to ask about the front page of the new york times, campaign finance and the super pacs going into the congressional races, a small super pacs. all of you, presumably, involved in congressional races. >> no, we are switzerland. >> what is the role for business in government and in election campaigns? >> there is a major effort that's been going on for some time in various ways to force business to back away from participating in both the election process and
something else for us which is to go to checklist of questions to do with for instance, government strategies, the presidential succession and so. so i'm going to deal with that first. one of the facts about algeria that is always to be borne in mind is that, of course, is an oligarchy, which means that it's the political problem of voucher is quite unlike tunisia around ben ali or egypt under a site. at an underbelly -- oligarchy which gives it a great deal of flex builder which gives it a range determined by the oligarchies own repertoire. i want to put the word repertoire after because i think the crucial problem of algeria, the absence of disciple change arises out of the limitations of the repertoires of the regime and of the opposition. i'm going to focus on the opposition in a moment. government strategy has been a sophisticated strategy involving at least five different elements. it's done a lot of flying off of discontent since the rights of january 2011. quite spectacular pay rises, virtually everybody demanded him and everybody did demand them. is allocated a lot of mone
what we're seeing is a government seeking to assure its key constituents and to send a signal to the outside world in the face of what they consider pressure from the south and the government is strong and the national security of the north korea the safe. >> it's given that the south has only increased its missile capacity. >> absolutely. and i think we need to trecks last few months have been very tense on the korean peninsula, and there's been no love lost and the outgoing president is seen as someone who is hostile to the north and that certainly is how the knot paints him. this is very much a political gang waiting for the political senses of december and north koreans are not going to give an inch until they see the new president taking over in january. but for now, as you say, they have every reason to take a tough stance. >> thank you for your time on gmt. let's take a look at some of the other stories making hirnes around the world today. mexican authorities say the leader of the drug cartel appears to have been killed in a fire fight with marines. final forensic test
the question is, whether or not the tax system that our government uses is fair. i think it is unfair, but it is not something we can address in the short term. the tax cuts the vice president and i got three years ago, no, that's not fair. if you earn 20,000, 40,000, you may have gotten 1,000. if you made let's less than 10,000 you suffered a loss of $400. that's not fair. that's basically unfair. not only is it unfair, but economically, it has darn-near destroyed this country. there is a $750 billion tax cut over five years. that's one of the reasons we're facing the debts we have now. >> mr. vice president? >> i think i've said all i want to say. . that is the part of this debate devoted to domestic affairs. we will now turn to foreign affairs. >> vice president bush, since your administration came to power, the president has promised a stern response against terrorism. but attacks have continued in lebanon and the middle east. what can be done to stop the? stop?too it? >> terrorism is very difficult to stop. when you see the lebanon building hit by terrorism, the israelis, with al
responsibility. we need to take a very different way of looking at how the federal government spends money. i support a moratorium on your marks because it had gotten out of control before it to congress. but that's the beginning slice of a much bigger question about how we bring down the size of the federal government. i have called for a 1% reduction in overall discretionary spending. i have called for a balanced approach on deficit reduction requiring the wealthy to pay more and more cutting in the federal government. >> you have 90 seconds. >> again, shame on you. you thought this campaign is going to be a coronation because you're a democrat and now you are in a serious race with a serious woman and you are desperate. therefore you raise these issues. my plan sites every word that i used from the brightest in the best to but my plan together. you would be better served to be putting a plan together. you need to be honest with the people of connecticut. you need to be honest about your special interest loans. to be honest about your attendance in washington. shame on you for taking this d
about big bird and cutting the government's apron springs doesn't cut it what does? >>guest: this is fought a serious debate when president obama said we cannot cut one small program. to we cannot cut this program what can we cut? we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to mor
that we cannot afford to sacrifice accuracy to speed and of course our government is sparing no effort tracking down the terrorists who perpetrated this attack. and we are focused as we must on what needs to be done to protect our people and our facilities. we had another terrible attack yesterday. i strongly condemn the killing of a long time yemeni employee at our embassy. we are working with yemeni authorities to investigate this and bring those responsible to justice as well but throughout all of this we must not only focus on the headlines. we have to keep in mind the trend lines and remain focused on the broader strategic question posed by democratic transitions and their impact on american interests and values. let me start by stating the obvious. nobody should have ever thought this would be an easy road. i certainly didn't. however, it is important to look at the full picture, to wave of violent acts of a small number of extremists against the aspirations and actions of the region's people and government. that broader view supports rather than discredits the promise of the ara
and senate, his budget takes spending up to 38% of the economy during that same period. a government twice as large. if you have split government, obama gets elected in a republican house or republican house or senator, what happens is exactly what happened two years ago which is they'll extent bush tax cuts for two years and fight it out in two years. there's not going to be a cliff. everybody knows this because if obama shuts down the government in january, the democrats lose ten senate seats, ten of which are vulnerable in 20 # 14. a democratic senate and republican house encysts that obama extends the tax cuts. gerri: i'm not sure everybody is so sanguine. mitt romney's been called a liar for the ideas on taxation and taxes. he wants to cut taxes 20% across the board for everybody, the poor, the wealthy, the people in between. can you do that and get rid of breaks in the tax code for wealthy people and come out with anything like a balanced budget? >> well, two things. yes, you can bring in the same amount of revenue with tax reform, but, remember, republicans believe if you do margina
voted for him. i understand why you turned away from the last labour government. this government took power in difficult economic times. it was a country still coming to terms with the financial crisis. a financial crisis that has afflicted every country round the world. i understand why you were willing to give david cameron the benefit of the doubt. long think we've had enough to make a judgment. long enough to make a judgement because they turned a recovery into the longest double dip recession since the war. because there are more people looking for work for longer than at any time since the last time there was a conservative government. and here is the other thing, what about borrowing? borrowing. the thing they said was their number one priority. this year borrowing is rising not falling. let me just say that again. borrowing the thing they said was the most important priority, the reason they were elected. it is rising not falling. not because there hasn't been pain and tax rises and cuts affecting every family in this country. not because they didn't want to cut it borrowing.
a number of years in the spanish government from 1977 to 82. he was an active participant in the negotiations for spanish entry to what is now the european union, the european economic community. he also participated in a number of spanish negotiation then they got, not wto and with the european union and spain a century into the union after democracy was restored in spain and spain was welcomed into the european community process. in the last year at this government coming was minister of the presidency, played a very essential role in the entire spanish government situation. shortly after he joined banco santander and has now been there for over 20 years. he is now vice-chairman of the bank, member of the board, also member of the board of banesto, banco santander in portugal, a member of the board of a number of other financial companies in the group and is president of the print of the foundation and spain. i think we are uniquely privileged data to have a speaker from banco santander with its unique ability to see both the spanish situation, the overall banking situat
. but the spanish government complained today that move will only make things worse. >> ( translated ): what everybody needs to have in mind is that political stability is also listed on the stock exchange, and there are a lot of everyday questions for government and citizens that depend on political stability. when some actions or decisions generate political instability, it is much harder to get financing. i am not only talking about financing for public administration, but also for individuals and companies. >> sreenivasan: meanwhile, the government of greece reported unemployment reached a record of more than 25% in july. the rate among young people, 15- to-24 years old, is double that 54%. an outbreak of fungal meningitis in the u.s. has now claimed 14 lives. the centers for disease control reported the latest count today. it said a total of 170 people have been infected across eleven states. the outbreak has been linked to steroid injections for back pain that came from a specialty pharmacy in massachusetts. roughly 14,000 people received the shots. in pakistan, a 14-year-old activist
as a nonpartisan mayor here in richmond and second as a governor in a republican house. i governed in the most difficult economy since the 1930s, but we were the best managed state in america, governing magazine, the best state for business all four years i was governor, forbes magazine, and the best place to raise a child. education week. those weren't tim kaine accolades, they were things we did working together. and in the last year as governor when the president i asked to serve as dnc chair, i think i had my best year. we got smoking banned all three publications that ranked states ranked virginia the best state for business in the united states. we saw huge improvements in infant mortality and our foster carey form effort, achieved success in open space preservation and recruited numerous businesses in the heart of the recession to come to virginia, rolls-royce to opening a manufacturing facility, faic hilton and at the end of my administration, northrop grum mond decided to move from california here. virginians care about results and we got results working together. >> mr. allen? >> tim
it into english and went along the lines of its against the hagues of the government which is you blame every single mistake and work against the state. on the other hand, i mentioned henry david who was pivotal in my thinking. he basically had the idea of not the idea of living but he went out on civil disobedience to the hill and saw this absolute duty that surrounded him. i want to look around myself and say here there is no state. i try to do that every day by making sure i can see everything from interacting with my neighbors in the sense of exchange and privatizing my life, taking my life back from the state and privatizing it to the extent possible do i interject in the state and make sure you go into businesses that are privatizing government services. we are going to an unprecedented period of the state control and i'm not saying that you should marker yourself or your family. that would be reckless. to the extent possible privatize your own personal life. >> does that mean you are living off the grid and not flying on their plans because of tsa and all the different regulations. are
highlighted the differences between a future labour government and the current conservative liberal democrat coalition. he was elected party leader in 2010 he spoke to party members at their annual conference. this is about an hour and five minutes. >> it is great to be in labour manchester. and you know manchester has special memories for me because two years ago i was elected the leader of this party. i'm older. i feel a lot older actually. [laughter] i hope i'm a bit wiser. but i am prouder than ever to be the leader of the labour party. [applause] you may have noticed that doing this job you get called some names, some of the nice, some of them not so nice. let me tell you my favorite -- it was when mitt romney came to britain and called me "mr leader." i don't know about you but i think it has a certain ring to it myself, it's sort of half-way to north korea. mitt, thanks a lot for that. let me tell you a bit of insight in to conference. i always look forward to conference. but the leader's speech, as previous leaders will attest, can be a bit of a trial. you get all kinds of advice fro
enduring presence will be, and we're working on that right now both internal to our government, but also with our nato allies. so we're trying to determine based on the agreements made in lisbon and then reinforced in chicago about what this long-term commitment will be, and it's scoped against several missions, one of which is counterterror, another of which is continuing to train and advise at some level. another is to enable other agencies of government to do their job in afghanistan. and so as we determine how to, what we'll need to accomplish those missions based on the growth of the afghan security forces, sometime early in 2013 we'll come up with a number that will define our enduring presence. and then we'll take what we have there now, which is 68,000 u.s. and about 30, 34,000 coalition partners, and we'll establish a glide slope to get from where we are to where we're going to be. and the important point is that in that question is i want to reinforce that our objectives remain both sound and achievable. as for the insider threat, as i mentioned in my prepared remarks, the insi
. and of course our government is sparing no effort in tracking down the terrorists who perpetrated this attack. and we are focused, as we must, on what more needs to be done right now to protect our people and our facilities. we had another terrible attack yesterday. i strongly condemn the killing of a long time yemeni employees at our embassy in sanaa and we are working with yemeni authorities to investigate this attack and to bring those responsible to justice as well. but throughout all of this, we must not only focus on the headlines, we have to keep in mind the trend lines. we have to remain focused on the broader strategic question posed by these democratic transitions and their impact on american interests and values. let me start by stating the obvious. nobody should have ever thought this would be an easy road. i certainly didn't. however, it is important to look at the full picture, to weigh the violent acts of a small number of extremists against the aspirations and actions of the region's people and government. that broader view supports, rather than discredits, the promise of the
government. our government taxes and spends out of control and our civil liberties are constantly under attack. we can fix it, but we need to get government back into its cagae. >> our final opening statement is from jeff flake. >> good to be here. two days ago, cheryl and i received a wonderful phone call from my son syan and forming as we are grandparents. aidan was born into a wonderful family, but he was born into $50,000 of debt. his share of the federal debt we all hold. that is why the stakes in this election are so high. we have to have somebody who understands fiscal discipline. that has been my record in the house of representatives, where i fought my own leadership on issues like earmarks. they punish me for it, but i kept at it and we do not have earmarks any more. that is the kind of attitude i will take to the united states senate. my opponent have a great rÉsume a. but a great resonate is not a plan. he has been running for a year now and we do not know where he stands on the major issues of the day. we have a choice in this election. we can elect somebody who does not h
libertarn said hold you horses, government should not ban businesses of any kind. even if the intentions are good, he is author of, it's nut cutin time in america. the viewers are concerned about spying from china on our intelligence and our corporations what say you? >> let me say, ni how. i am practicing my mandarin chinese, when our cred kits come calling i will know how to greet them when they arrive in cafornia, an old cowboy names con4ous. coconfusous, said, this old business of retaliating bacack d fort is not getting us anywhere we tried that in 20 30s, that got us in a deeper depression, we tried embargoing oil and metal with japanese that ended up in pearl harbor. you know itf we need more cyber security, hire more spooks instead of more irs agents for obamacare. we have a lot of kids sittingn a basement that know wha how tok stuff, beef up our security. >> you are worried about retailiation from china against our overseas could operations, our companies have units in china. >> this is a global economy. you know, this ain't like an american public school you get trophy for show
in variety of ways. government buying on mortgages in spain and the string ran out as it did in the united states. germany has a lot of debt in its fist and really can't cash it in. the germans at some point have to say, this doesn't work. melissa: i mean the great thing about winning the nobel peace prize it comes with $1. million which is fantastic unless you're dividing it up among a bunch countries and works out to 23 cents for each of them. what do you think, could maybe this money will help them solve the debt crisis in europe? what do you think? >> kind of a drop in the bucket. use it for food relief in spain where people are eating out of dumpsters. angela merkel ought to go be among those people and see what is really going on the trouble is european leaders get to live in palaces that are much grander than our white house and they're very, very isolated and detached from what is happening to ordinary folks. melissa: my theory was the committee thinks they will award the $1.2 million for the big group and no one will show up and they can keep the cash. >> who gets it? who gets it?
don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just completely wrong. and absoluly believe, however, that my life has shown that i care about the 100% and that has been demonstrated throughout my life. this whole campaign is about the 100%. when i become president, it'll be about helping the 100%. >> brown: still, president obama was having none of it. >> from the day we began this campaign, we've always said that real change takes time. it takes more than one year or one term, or even one president. it takes more than one party. it certainly can't happen if you're willing to write off half the nation before you even take office. >> brown: with the economy dominating the campaign, and with 12 million americans still unemployed, it was clear the punching and counter-punching over jobs will only grow more intense. and there's still one more monthly employment report coming-- on november 2, four days before election day. to help break down the jobs numbers, i am joined by neil
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